Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:43 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: WTI Oil Drops a Second Day After Biggest Slide in Three Months Back to Topics
DoctorV

Champion Author
Detroit

Posts:4,431
Points:697,875
Joined:Aug 2008
Message Posted: Feb 20, 2013 9:10:33 PM

West Texas Intermediate oil dropped for a second day after slipping the most in three months. U.S. crude stockpiles gained for the sixth week in seven, according to the American Petroleum Institute.

March futures, which expired yesterday, decreased 2.3 percent, the most since Nov. 20, amid speculation a commodity fund was selling positions. U.S. crude inventories climbed 2.96 million barrels last week to 372 million barrels, the highest since December, API data show.

WTI for April delivery slid as much as 66 cents to $94.56 in electronic trading on the New York Mercantile Exchange. The March contract slid to $94.46 yesterday, the lowest since Jan. 16.

Brent for April settlement slipped $1.92 to $115.60 a barrel on the London-based ICE Futures Europe exchange yesterday.
Visit Bloomberg for full article
REPLIES (newest first) Post a Reply
Profile Pic
djgunrunner
Champion Author Salt Lake City

Posts:12,589
Points:2,853,485
Joined:Apr 2005
Message Posted: Feb 21, 2013 4:30:15 AM

They made a good chunk of cash now they can back off for a week or two and then slam it to us again.
Profile Pic
Zing20
Champion Author Fresno

Posts:1,070
Points:596,765
Joined:Nov 2012
Message Posted: Feb 21, 2013 12:21:42 AM

When will it show up at the pump?
Profile Pic
gcalleja
Champion Author Miami

Posts:2,825
Points:1,034,010
Joined:May 2011
Message Posted: Feb 21, 2013 12:11:17 AM

Yay!
Profile Pic
WanderDan
All-Star Author Dayton

Posts:670
Points:382,035
Joined:Nov 2012
Message Posted: Feb 20, 2013 11:58:56 PM

ok
Profile Pic
dandvicb
Champion Author Bridgeport

Posts:2,849
Points:1,532,370
Joined:Jul 2004
Message Posted: Feb 20, 2013 11:57:20 PM

Absolutely ridiculous SPECULATION!!!!!
Profile Pic
werich44
Champion Author California

Posts:4,220
Points:978,805
Joined:Jun 2011
Message Posted: Feb 20, 2013 11:05:40 PM

Makes no difference what the price of oil is, it's the price of gas that counts and that is skyrocketing.
Profile Pic
AKmailman
Champion Author Alaska

Posts:7,995
Points:2,064,670
Joined:Jul 2004
Message Posted: Feb 20, 2013 9:50:34 PM

Oil prices fall, gas prices rise
Profile Pic
heydano67
Champion Author California

Posts:2,495
Points:811,750
Joined:Feb 2012
Message Posted: Feb 20, 2013 9:24:45 PM

keep on falling
Profile Pic
csblesson
Champion Author Texas

Posts:3,608
Points:837,795
Joined:May 2012
Message Posted: Feb 20, 2013 9:16:03 PM

It's still very expensive
Post a reply Back to Topics